This option allows us to maintain the day-to-day operations of our Club without interruption so that members and others can continue to enjoy our amenities. You know, we think a partial repair could have been done for as little as $600,000, said attorney Jason Bliss with the office of Aspey Watkins and Diesel, who is representing the homeowners. In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so. . Now, the HOA faces bankruptcy if it can't come up with $2.5 million. If I havent yet paid my annual dues, will they still have to be paid? Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. The remaining properties consist of Townhomes, Condos and timeshares. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. Bliss said after the court held the HOA in contempt last year, the homeowners approached the HOA about ways to move forward, but their offers were rebuffed and the HOA decided to move forward with bankruptcy instead. Join Us Today learn more on our membership page, Outing services feature green fees with cart, personalized cart signs, local rules sheet and much more. To hear Peter and Daves interview with Continental Country Club General Manager Talia Murray, click here: Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. One thing to remember, you will be required to pay additional Home Owner . 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. That would be within the discretion of the trustee. You can cancel at any time. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. What remains to be seen is whether Continental will get the votes they need to avoid Chapter 7, what will finally become of the contentious Lake Elaine,and whether the organization will be able to repair its financial situation in the long run. In a Chapter 7 does the HOA remain in place? When were the clubhouse and clubhouse pool built? So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. Mo. The question is why. If Option B is selected, the redesign will be the Associations responsibility. 3. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The Coconino County Superior Court agreed, and for this reason found the Association in contempt of the 1990 Judgment, imposing daily sanctions to encourage compliance. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. There was a problem saving your notification. Associate Members have the option to upgrade on an annual basis to full members, although full members do not have the option to become associate members. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. On this point, the Legionnaires agree. President - The president of the Board presides at all meetings of the Board of Directors. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. We do not currently expect the LFOs to elect Option A. A 1991 class action lawsuit ruling stated the lake must remain full. COMMUNITY TYPE: RESIDENTIAL SFH COMMUNITY LEGAL NAME: CONTINENTAL COUNTRY CLUB R.O., INC. ALSO KNOWN AS: CONTINENTAL COUNTRY CLUB TYPE OF CORPORATION: DOMNP ORIGINAL CORPORATION FILING DATE: 05221989 COMMUNITY ID NUMBER: N32426 An HOA faces bankruptcy because of its man-made lake. Get Adobe Acrobat Reader free to view these files. application fee details: $55 app fee online at our website bishoprealtygrp. Lake Elaine is not the reason for Continental Country Club's bankruptcy, it was only one of the straws to fall after years of what, in my opinion, is gross mismanagement.. By 2026, the annual dues increase will be $189. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. Continental Country Club has 2,395 owners. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! For more information contact Continental Country Club Guest Services at . Why am I paying for amenities I dont use? They want the lake fixed, Bliss said. If I haven't yet paid my annual dues, will they still have to be paid? Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. The filing for Chapter 11 reorganization stays those fines. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. The original clubhouse was built in 1960. Can I see a Reserve Study Summary of expenditures broken out by amenity? Not only did the reserve study show that Continental had some monumental expenses coming up including a $600,000 balloon payment due in 2021 but that to reach a recommended level of roughly $5 million in reserve funds by 2050, Continental would have to start making massive annual contributions to the fund ranging between $310,000 and $1 million a year. We face possible conversion to Chapter 7 Bankruptcy and liquidation of all our assets reduced or possible loss of club amenities such as tennis, pickleball, pool, golf and clubhouse. Call the Pro Shop at 352-748-3293 to reserve your tee time Welcome to Continental Country Club Are you looking for a great golf course? So, you know, we know that the association is trying to make this look like it's the bankruptcy is all about Lake Elaine, but the association has a number of financial problems, several of which are not related to Lake Elaine, Bliss said. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. The Court also imposed on CCC a $700/day fine until water began flowing into the lake at which point the fine would be reduced to $500/day until the lake was filled. The reason for the increases are due to ongoing financial concerns involving Lake Elaine, a $600-thousand balloon payment due regarding irrigation of the golf course and ongoing deferred maintenance to some of the amenities. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. In a statement to the Arizona Daily Sun, Continental attorney Scott Cohen said, While Continental certainly has obligations other than the Lakefront Group, such as addressing its appropriate capital reserves to ensure proper maintenance of its amenities and common areas, this was not the primary cause for the bankruptcy filing.. The Class has been very willing to work with the Association to negotiate an equitable solution that would allow for a temporary repair of the Lake as part of a holistic approach to address the Associations broad financial challenges. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. The Associations responsibility to maintain Lake Elaine has been well established for decades based on a 1990 court-ordered Judgment that the Coconino County Superior Court upheld in October of 2020 following nearly four years of litigation, including multiple attempts at mediation and a weeklong hearing. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Finally, CCCs boards have struggled to make ends meet for years, while trying to honor their pledge made in 2013 not to raise dues again for eight years. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Copyright 2023 Continental Country Club FL All Rights Reserved. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. The 18-hole championship golf course at Continental Country Club is among the best-rated public courses in Flagstaff come visit us today to see why! The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. Flyer Link. They stick to the claim that maintaining the lake in the manner outlined in 1990 is no longer physically possible, economically feasible or ecologically sound., While the court concluded that it was possible to maintain the lake, and that Continental had a responsibility to do so, the engineering reports that informed the decision paint a more complex picture. Book Your Tee Time on our EZLinks tee times page in a new tab, In addition to championship golf, we offer tennis courts, a fitness center, a swimming pool and social events! Are our property assessments used for this? Is it possible to leave the HOA so we're not part of it? There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Wyndham also contributes 50% of the cost of running the Fitness Center and pays for all Capital Improvements at Bear Paw + 60% of the operational day-to-day costs. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). These membership tiers are subdivision specific. Please subscribe to keep reading. They might dispute the proper way to move forward with Lake Elaine, but they appear to agree that voting to approve the special assessment is necessary to help Continental emerge from bankruptcy. The Villages, FL 32162 Directions. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Elden Thursday, Jeronimo Vasquez Named District 2 Supervisor, Grand Falls Closed To Visitors Until Further Notice, Over 30-Inches Of Snow Fell Near Downtown Flagstaff And Kachina Village From The Latest Storm, Arizona State Forestry Allocates $27-Million To Flagstaff And Coconino County, Flagstaff Beats Pueblo To Win The 4A Girls State Basketball Title, School Closings And Delays, Along With Other Weather-Related Matters For Thursday In Northern Arizona, NAU, FUSD Closed As A Major Winter Storm Leaves Feet Of Snow Behind, Missing Man, Who Was Last Believed To Be In Williams, Has Been Found Safe, ADOT Holding A Public, In-Person Meeting In Flagstaff Next Wednesday, Winter Storm Warning Extended To 11 A.M. Thursday For Flagstaff And Surrounding Areas, Copyright 2023 Great Circle Media | All Rights Reserved | Privacy Policy. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Is it possible to leave the HOA so we're not part of it? The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. Even more, we do all the work of the Deed Restriction for you! Continental Country Club Resorts, Wildwood Real Estate & Homes for Sale 13 Homes Sort by Relevant Listings Brokered by Four Star Home Brokers, Inc. For Sale $180,000 2 bed 2 bath 1,056 sqft 6,711. It has asked residents to vote to approve a $2,000 special assessment payment and a 20% increase in annual dues to help the country club emerge from bankruptcy and turn Lake Elaine into something less costly. At the time, it was an asset to the HOA. One major reason is due to an October 2020 ruling that the clubs homeowners association must repair and refill Lake Elaine after leakage from the lake was discovered. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country clubs homeowners association and other residents. junio 12, 2022. jonah bobo 2005 . The fee had been set to begin at the start of February, . Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. He recalled clear statements in meeting minutes from Continentals board of directors meeting that the reserves were significantly inadequate back in 2014., There was no follow-through, and the reserves are still woefully inadequate, Nilsson said.
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